Branicks Group - comment

The repayment of the remaining €111m promissory notes will have consumed most of €123m of on-balance-sheet cash at the Branicks level at the end of Q1. The cash balance will be boosted by at least €45m in liquidity from the sale of the Cologne assets, which is expected to be completed in July. 

https://branicks.com/en/branicks-group-ag-all-promissory-note-loans-maturing-at-the-end-of-june-repaid-as-planned/

https://www.sarria.co.uk/sarrias-news-flow/branicks-270625